The move is part of the company's ongoing innovation and open cloud platform strategy.
Through technology and collaboration, Finastra and its customers are set to positively impact over nine million lives around the world, with key areas of focus including: 1 The SME funding gap - Finastra is piloting a revolutionary microfinance initiative, Trust Machine, in
Equality in financial services - Between 2009 and 2015 in the US, it was estimated that up to 1.3 million purchase and refinance loans were rejected for
Financial inclusion - Finastra digital solutions are enabling customers to reach over five million people who are currently unbanked. One example is
Serving customers through change -
Separately, having moved to the cloud earlier this year, Finastra's core banking platform, Fusion Phoenix, is expected to enable US community banks and credit unions to provide continued banking support remotely to nearly a million end users.
'2020 has been a year of monumental change and disruption on so many fronts. With it has come a broader awareness of the need to redefine finance for good, and to empower better outcomes for society as a whole,' said
Finastra's broad technology product set across lending, payments, treasury and retail banking is powering these initiatives, alongside its FusionFabric. cloud open developer platform. It is all underpinned by a comprehensive suite of data-driven insights applications to improve business intelligence and a suite of transformational services designed to help customers successfully accelerate through change.
Contact:
Tel: +44 (0)7917 613586
Email: caroline.duff@finastra.com
About Finastra
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world's top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers.
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